Urban Catalyst, Silicon Valley’s leading Opportunity Zone Fund, announced it has launched its second real estate Fund. This Fund will feature the Icon/Echo project, which will provide downtown San Jose with more than 300 multifamily rental units and 420,000 sq. ft of office space upon completion.
The 60-story community in Chelsea is slated for completion in summer 2022.
The nearly 500,000-square-foot condo property is the last to be developed within the Port Imperial community.
The firm purchased a parcel for a 398-unit project dubbed Hazel by the Galleria.
While deliveries were down 4.9 percent last year nationwide, some metros on this list saw significant upticks in the number of units completed.
Walker & Dunlop, Inc. announced that it completed the sale and financing for OLiVE DTLA, a 293-unit Class A multifamily property completed in 2016.
While the market took a direct hit this downturn, rent losses started to decelerate toward the end of 2020.
The 284-unit property in the Houston Heights neighborhood will open its doors to residents in the first quarter of 2021.
